Kaap Agri Limited (JSE:KAL) News - Acquisition of PEG Retail Holdings - Results of General Meeting KAAP AGRI LIMITED (Incorporated in the Republic of South Africa) (Registration number: 2011/113185/06) Share code: KAL ISIN: ZAE000244711 (“Kaap Agri” or “the Company”) ACQUISITION OF PEG RETAIL HOLDINGS – RESULTS OF GENERAL MEETING Shareholders are referred to the Company’s various announcements released on SENS (“Announcements”) in terms of which Kaap Agri advised shareholders of the conclusion of the agreement between TFC Operations Proprietary Limited, a subsidiary of Kaap Agri, and Stoney Meadows Investments 22 Proprietary Limited, for the acquisition of 100% of the issued ordinary shares in and its loan claims against PEG Retail Holdings Proprietary Limited (“PEG”), and the related loan accounts against a subsidiary of PEG (“Acquisition”), as well as to the Company’s circular in this regard, dated 4 May 2022 (“Circular”). Capitalised terms used below, that are not otherwise defined, bear the meanings ascribed to them in the Circular. Shareholders are hereby advised that at the General Meeting of the Company held entirely by electronic communication at 10:00 today, Monday, 6 June 2022, the ordinary resolution was passed by the requisite majority of Shareholders. Details of the results of the voting at the General Meeting are as follows: Resolutions Votes for Votes Number of Number of Number of proposed at resolution against Shares Shares Shares the General as a resolution voted at the voted as a abstained Meeting percentage as a General percentage as a of total percentage Meeting of the votes percentage number of of total exercisable of the votes Shares number of at the exercisable voted at the Shares General at the General voted at the Meeting General Meeting General Meeting Meeting Ordinary 99.99% 0.01% 48 363 559 64.86% 0.04% Resolution: Approval of the Acquisition The total number of Shares in issue (net of treasury Shares) as at the date of the General Meeting was 70 817 305. Shareholders are advised that the Acquisition is subject to one remaining condition precedent, as contemplated in the Circular. As previously communicated on SENS, the intended effective date of the Acquisition is 1 July 2022. Paarl 6 June 2022 Transaction Advisor and Sponsor PSG Capital Date: 06-06-2022 02:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.